KADENSA CAPITAL Ltd acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,044 shares of the transportation company's stock, valued at approximately $973,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock valued at $26,000 after buying an additional 664 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in ZTO Express (Cayman) by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after buying an additional 730 shares during the period. First Horizon Advisors Inc. raised its holdings in ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after buying an additional 884 shares during the period. Aurora Investment Counsel raised its holdings in ZTO Express (Cayman) by 1.0% during the 1st quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company's stock valued at $2,742,000 after buying an additional 1,310 shares during the period. Finally, Fifth Third Bancorp raised its holdings in ZTO Express (Cayman) by 1.9% during the 1st quarter. Fifth Third Bancorp now owns 73,902 shares of the transportation company's stock valued at $1,466,000 after buying an additional 1,384 shares during the period. Hedge funds and other institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Trading Up 1.0%
Shares of ZTO traded up $0.17 during midday trading on Friday, reaching $18.36. 1,726,591 shares of the stock were exchanged, compared to its average volume of 1,947,182. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The company's 50 day moving average is $19.10 and its two-hundred day moving average is $18.81. The company has a market capitalization of $10.99 billion, a P/E ratio of 12.41, a PEG ratio of 12.16 and a beta of -0.15.
ZTO Express (Cayman) Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 330.0%. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.
Wall Street Analysts Forecast Growth
ZTO has been the topic of several recent research reports. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Bank of America upped their price objective on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 29th. Citigroup cut their price objective on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $22.36.
Check Out Our Latest Research Report on ZTO
About ZTO Express (Cayman)
(
Free Report)
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.
See Also
Before you consider ZTO Express (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZTO Express (Cayman) wasn't on the list.
While ZTO Express (Cayman) currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
